Genting SP HAS traded lower the previous 3 sell calls to a low of 1.015 two days ago before staging a rebound. A Bullish reversal hammer has been spotted which may lead to a reversal back to 1.08 – 1.10 level. Support would currently be at 1.035 - 1.04, if it can trade above this in the coming days, may still have some upside back to 1.085 first. Note that the ultimate support level is at 1.00 still and as long as it holds above this level can consider accumulating on dips for any rebound like that seen last month.

As per previous SELL CALL yesterday and last week, Genting SP has indeed broke below the 1.08 support convincingly yesterday. Temp support would probably be at 1.03 but any breakdown again get see it trade to 1.00 first. A break down below 1.00 can pave the way to 0.90 next. Careful long positions. Further CFD SELL positions on breakdown below 1.00. Lower buy stop loss to 1.055 now for current cfd sell positions.

From previous call last week, QT Vascular did not mange to climb back above the 0.300 new resistance level still. Note that downtrend can still be intact as long as 0.30 remains as the resistance now. Range would be 0.26 to 0.30. Below 0.26 would not be good and it can push towards 0.200. Careful long positions below 0.25. 20 DAY MA line still trending downwards gradually and a reversal upwards don’t look like anytime soon. Note that at current levels, it is an all time low, even below the low set in May this year which can be seen as negative in the mid term too.

Just have to be careful as it has broke the 0.300 support as mentioned last week. There can be more downside to 0.25 then 0.20 if it remains below this new support turned resistance level. Trend lines still pointing lower and a NEW LOW currently which is not a good sign.

QT Vascular may have found a support around the 0.29 – 0.295 level. This was also the support seen in April this year before it rebounded to above 0.500. Note that any breakdown below 0.29 will not be a good sign and we can likely see it trade lower to 0.25 then 0.20. Has been resisted by the downwards sloping trend line since July with 20 DAY MA green line still sloping downwards consistently. Careful of the breakdown.

From previous sell call, QT Vascular resistance has still been at 0.37 and it did not manage to break upwards above it. Has been consolidating from 0.32 to 0.37 for about 3 weeks and today we have seen it breakdown the 0.32 support on stronger than average volume. Likely to head lower to test next critical support at 0.300 which was the low set in May this year before it rebounded. 20 day MA LINE still sloping downwards since July already and no reversal insight below 0.37 resistance still. Note that any breakdown of 0.300 support can signal a new down phase to 0.25 possible to find a new low. Cautious for long positions.

From previous note on QT Vascular, it did not manage to cross above 0.40 resistance level and has instead broke below consolidation support at 0.37 a few days back. Next support is now at 0.34 level which it is still testing. May consolidate from 0.34 to 0.37 first before more direction. Break below 0.34 can see it go to 0.30. As long as 0.37 is a resistance, don’t look positive in the short term, especially with a weak overall market. Stochastic and MACD indicator still sloping downwards consistently with 20 day ma SHORT term line too.

As mentioned over the past few days, RH Petrogas has headed higher to the next resistance at 0.41. For those that has entered early, good to also take profit but note that clearing above 0.41 can give way to more upside too. Raise stop loss to 0.395. Support would be at 0.400 currently. Target would then be to 0.46 then 0.50 which was the original support in Oct and November.

Raise stop loss to 0.345 level. Volume stills seems strong as it pushed above past few days high again. LIKELY to head towards 0.400 resistance level. Let’s see if 0.37 – 0.375 clears out next. As long as 0.35 remains as the new support now, there can be a short term retracement especially for oil and gas counters which has been battered down.

RH Petrogas has consolidated about a week below the 0.355 resistance level after the sell down seen and today we have seen some actions again back above the support turned resistance at 0.355. MACD on the verge of crossing over with RSI showing some signs of reversal. AS long as it manages to stay above 0.35 now, can see it trade back up towards 0.39 to 0.41 level. Stop loss at 0.335 for long positions. Note that downtrend is still intact with 20 day MA line still sloping downwards and this could just be a temp retracement.

As per trading call yesterday, noble has traded lower at tested the 1.10 support level. Be careful of a further breakdown below 1.10 psychological support though. Any huge throwing seen at 1.09 – 1.095 can lead to the next wave of downside that can see it trade to 1.05 then 1.00 as mentioned yesterday. Cfd sell positions can be used again to ride the downside while lowering buy stop loss level. Both Stochastic and RSI trending down even stronger on today’s price actions but more confirmation needed on a clear breakdown below 1.10 support.

Noble has broken the 2 weeks low of 1.145 today on TOP 20 volume in a further sign of weakness... Note that this can pave the way back to the 1.10 – 1.11 temp support level. Any throwing below 1.10 support can see it go down more to 1.05 then 1.00. Cautious long positions. Descending triangle pattern spotted which can suggest some weakness with 20 DAY MA also firmly trending lower. As long as 1.15 stays as the new resistance, we are still short term bearish can to hold CFD sell positions. Will add more SELL positions on further breakdown below 1.10 support.

STI has been supported about a month above 3300 but yesterday we have seen some weakness in the general market with selling seen in blue chips like banks and Oil and gas firms across the board. Today, it has again broke below the temp 3275 support level which was the support last month. This can be the beginning of more market weakness ahead with short term target AT 3235 then 3200, 3150 strongly. A Bearish double top formation seen currently. Note that what we are seeing now could be the same as in September where it traded down from a 3360 to 3150 before finding a support. CFD SELL for STI INDEX can be used to ride any downside.

Cfd SELL Calls for Genting sp last Friday AND the week before !!!! were you aware ? NOW 1.05 !!

Sent: Friday, December 05, 2014 9:22 AM Subject: ********************* Genting SP: Bearish Double top pattern spotted, Back to support level at 1.10, breaking below again would not be positive, price 1.095

For the past 2 weeks, Genting SP has been trading sideways from 1.10 to 1.15-1.16 resistance level. Did not manage to break above the 1.15 – 1.16 levels convincingly. Seems like a double top pattern spotted at the 1.15 level which can suggest some weakness still back to 1.00. Any throwing at 1.09- 1.095 at buyers would not be good. This support also coincides with the 20 DAY MA LINE. MACD and Stochastic looking at a bearish crossover with more downside likely if 1.10 does not hold. Cautious long, CFD SELL to ride any downside.

From previous sell call, Midas did break below the 0.300 psychological support again. This can again lead to more downside to 0.27, 0.25 then 0.20. Note that 0.25 is the all time low seen Oct 2008 before it rebounded. Any breakdown will not be a good sign and can lead it to find a new low again at probably 0.200 first. STILL A CFD sell as long 0.300 remains as a resistance now. Lower buy stop loss to 0.31 now. Congrats to those who have shorted under CFD. All technical indicators still looking weak with no signs of any recovery as of now, see emails all the way down, you can see that sell calls since MAY ALREADY.

From trading call last month, Artivision did not manage to break out above the 0.095 reistance level and has since traded down to below 0.070. It has consolidated below 0.070 with a low at 0.066 for a few days before breaking upwards again on top volume seen today. This could be the start of a recovery back to 0.080 then 0.084 first. Imeediate resistannce would be at 0.075, if it manages to stay above 0.070 in the coming day, it can trade upwards to test this 0.075 and attempt a breakout further. Both Stochastic and RSI indicators are on the verge of a crossover reversal which can suggest a recovery back. Stop loss at 0.068 for any long positions.

After trending all the way up to a high of 0.625, Yuuzoo has broke below the 0.49 support yesterday on strong volume and today we have seen it broke the immediate 0.45 support level too. Likely to head lower to test the 0.42 support which coincides with the 20 DAY MA line. After that will be 0.40 then 0.32 which was origincally where it broke up from last month. MACD looking at at bearish crossover downwards with both RSI and Stochastic already reversing dowmwards. Carefull long positions and be discipline if 0.40 psychological support does not hold either.

Reason: Strong volume breakout above 0.94 resistance coupled with NEWS OF United Envirotech takeover can be a catalyst for more upside. 20 day MA line reversing upwards strongly at the initial phase with much more room to go. All technical indicators trending upwards firmly too.

Looks a little shaky as it attempts a breakdown of 0.130 support level as mentioned last week. Further confirmation on throwing seen at 0.128-0.129 level, where we can see more seller coming in after that. CFD sell on a convincing support breakdown, Target to 0.120 next.

Open a "FREE" Trading Account

If you are currently trading in the Singapore Stock market and realize that you DO NOT have much or any support from your broker, NO emails, NO sms, NO calls, NO advice, NO guidance, NO idea who they even are and pretty much DIY trading online yourself................... ? ? ? WHAT ARE YOU WAITING FOR ? :) Don't wait further, everybody deserves to have a good broker to service them and enjoy so much more Value Added service !

Get Served by One of the Top Stock Brokers in Singapore - Contact Joey

Disclaimer

The information contained in this website is provided to you for general information/circulation only and is not intended to nor will it create/induce the creation of any binding legal relations. The information or opinions provided do not constitute investment advice, a recommendation, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on this information. Investments are subject to investment risks including possible loss of the principal amount invested. The value of the product and the income from them may fall as well as rise.

You should seek advice from a financial adviser regarding the suitability of the investment products mentioned, taking into account your specific investment objectives, financial situation or particular needs, before making a commitment to purchase the investment product. In the event that you choose not to obtain advice from a financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest.

Any views, opinions, references or other statements or facts provided in this blog/websiteare personal views. No liability is accepted for any direct/indirect or any other damages of any kind arising from or in connection with your reliance on the information provided herein.

Important Notice

Note that by subscribing to receive any of Joey's training by email, you agree to allow us to send you the training by email.

Generally, when we request for personal data in the course of providing you a service/product and you provide us with such personal data, there is implied consent that you agree to provide us with personal data in order for us to provide you with the requested service/product.

Investments are subject to investment risks including the possible loss of the principal amount invested. The value of the units in any fund and the income from them may fall as well as rise. If the investment is denominated in a foreign currency, factors including but not limited to changes in exchange rates may have an adverse effect on the value, price or income of an investment. Past performance figures as well as any projection or forecast used in these web pages, are not necessarily indicative of future or likely performance of any investment products.

By Accessing this Website and ANY of its pages, you are agreeing to the terms set out ON ALL the following pages as seen below.

Disclaimer

The information contained in this website is provided to you for general information/circulation only and is not intended to nor will it create/induce the creation of any binding legal relations. The information or opinions provided do not constitute investment advice, a recommendation, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on this information. Investments are subject to investment risks including possible loss of the principal amount invested. The value of the product and the income from them may fall as well as rise.

You should seek advice from a financial adviser regarding the suitability of the investment products mentioned, taking into account your specific investment objectives, financial situation or particular needs, before making a commitment to purchase the investment product. In the event that you choose not to obtain advice from a financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest.

Any views, opinions, references or other statements or facts provided in this blog/websiteare personal views. No liability is accepted for any direct/indirect or any other damages of any kind arising from or in connection with your reliance on the information provided herein.